A T-bill is a type of bond that is sold at a discount over the face value. For example, suppose you buy a 26-week T-bill with a face value of $8,000 for $7,700. That means that in 26 weeks (half a year), the government will give you the face value, earning you $300. What annual interest rate have you earned?
Round your answer to the nearest tenth of a percent.
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Home » Mathematics » A T-bill is a type of bond that is sold at a discount over the face value. For example, suppose you buy a 26-week T-bill with a face value of $8,000 for $7,700.